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Trending ETFs

Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.57

$82 M

6.94%

$0.46

2.00%

Vitals

YTD Return

2.2%

1 yr return

11.7%

3 Yr Avg Return

1.5%

5 Yr Avg Return

2.3%

Net Assets

$82 M

Holdings in Top 10

21.3%

52 WEEK LOW AND HIGH

$6.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.00%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 196.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.57

$82 M

6.94%

$0.46

2.00%

FCSIX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 6.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Credit Income Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    May 31, 2001
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jean Lin

Fund Description

Under normal circumstances, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in credit and credit-related instruments. Credit and credit-related instruments include, but are not limited to:
·domestic and foreign corporate debt obligations, including bonds, notes, debentures, commercial paper and other obligations of corporations to pay interest and repay principal;
·fixed and floating rate loans, including senior loans and secured and unsecured junior loans, in an amount not to exceed 30% of the Fund’s net assets;
·residential and commercial mortgage-backed securities;
·asset-backed securities;
·preferred securities and contingent capital securities (sometimes referred to as “CoCos”) in an aggregate amount not to exceed 20% of the Fund’s net assets;
·interests in senior, mezzanine, and subordinated/equity classes or “tranches” of collateralized loan obligations (“CLOs”);
·U.S. government securities (securities issued or guaranteed by the U.S. government or its agencies or instrumentalities); and
·debt obligations of foreign governments.
The Fund will invest at least 65% of its assets in securities rated lower than investment grade at the time of purchase or in unrated bonds of comparable quality as determined by the Fund’s sub-adviser (securities commonly referred to as “high yield” securities or “junk” bonds). There is no minimum rating requirement and no limitation on the average maturity or average effective duration of securities held by the Fund.
The Fund may invest without limitation in debt obligations of foreign corporations and governments. However, no more than 30% of the Fund’s total assets may be invested in securities of governmental and corporate issuers that are located in emerging market countries.
The Fund may invest in securities that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) (“restricted securities”), including securities sold in private placement transactions between issuers and their purchasers and securities that meet the requirements of Rule 144A under the Securities Act (“Rule 144A securities”). Rule 144A securities may be resold under certain circumstances only to qualified institutional buyers as defined by the rule.
The Fund may invest in exchange-traded funds (“ETFs”), closed-end funds, and other investment companies (“investment companies”).
The Fund’s sub-adviser makes buy, sell, and hold decisions using a “top-down” approach, which begins with the formulation of the sub-adviser’s general economic outlook. Following this, various sectors and industries are analyzed and selected for investment. Finally, the sub-adviser selects individual securities within these sectors or industries. The sub-adviser also analyzes expected changes to the yield curve under multiple market conditions to help define maturity and duration selection.
The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; foreign currency contracts; options on foreign currencies; swap agreements, including interest rate swaps, currency swaps, total return swaps and credit default swaps; and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk, to manage the effective maturity or duration of securities in the Fund’s portfolio or for speculative purposes in an effort to increase the Fund’s yield or to enhance returns. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions.
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FCSIX - Performance

Return Ranking - Trailing

Period FCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -6.2% 8.9% 10.34%
1 Yr 11.7% -8.1% 21.1% 5.66%
3 Yr 1.5%* -16.0% 20.1% 41.05%
5 Yr 2.3%* -11.7% 36.7% 80.21%
10 Yr 2.2%* -4.7% 19.4% 85.92%

* Annualized

Return Ranking - Calendar

Period FCSIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -4.7% 14.3% 44.15%
2022 -15.2% -33.4% 3.6% 43.94%
2021 0.1% -8.4% 14.9% 44.92%
2020 -3.7% -13.9% 302.7% 95.78%
2019 9.7% -4.4% 13.3% 11.27%

Total Return Ranking - Trailing

Period FCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -6.2% 8.9% 10.34%
1 Yr 11.7% -8.1% 21.1% 5.66%
3 Yr 1.5%* -16.0% 20.1% 41.05%
5 Yr 2.3%* -11.7% 36.7% 80.21%
10 Yr 2.2%* -4.7% 19.4% 85.92%

* Annualized

Total Return Ranking - Calendar

Period FCSIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -4.7% 18.2% 37.29%
2022 -11.3% -33.4% 47.8% 65.35%
2021 3.6% -8.4% 24.8% 81.15%
2020 0.6% -9.6% 325.6% 93.41%
2019 16.3% 0.9% 21.5% 8.32%

NAV & Total Return History


FCSIX - Holdings

Concentration Analysis

FCSIX Category Low Category High FCSIX % Rank
Net Assets 82 M 1.45 M 23.6 B 85.52%
Number of Holdings 278 2 2736 62.23%
Net Assets in Top 10 17.7 M -492 M 4.45 B 81.73%
Weighting of Top 10 21.28% 4.2% 146.9% 18.73%

Top 10 Holdings

  1. US 5YR NOTE (CBT) Mar24 6.29%
  2. State Street Navigator Securities Lending Government Money Market Portfolio 5.28%
  3. Connecticut Avenue Securities Trust 2023-R04 1.29%
  4. Freddie Mac STACR REMIC Trust 2021-DNA6 1.26%
  5. Connecticut Avenue Securities Trust 2021-R01 1.23%
  6. Freddie Mac STACR REMIC Trust 2022-DNA1 1.22%
  7. Palmer Square CLO 2023-1 Ltd 1.22%
  8. Venture Global LNG Inc 1.19%
  9. Ashford Hospitality Trust 2018-KEYS 1.16%
  10. Mosaic Solar Loan Trust 2020-1 1.14%

Asset Allocation

Weighting Return Low Return High FCSIX % Rank
Bonds
90.46% -3.13% 154.38% 81.51%
Other
15.67% -63.70% 102.57% 1.70%
Cash
5.28% -52.00% 48.07% 34.21%
Convertible Bonds
1.42% 0.00% 17.89% 34.83%
Preferred Stocks
0.24% 0.00% 7.88% 26.63%
Stocks
0.00% 0.00% 99.54% 72.88%

Stock Sector Breakdown

Weighting Return Low Return High FCSIX % Rank
Utilities
0.00% 0.00% 100.00% 77.25%
Technology
0.00% 0.00% 33.17% 79.10%
Real Estate
0.00% 0.00% 86.71% 77.25%
Industrials
0.00% 0.00% 93.12% 81.35%
Healthcare
0.00% 0.00% 22.17% 77.46%
Financial Services
0.00% 0.00% 100.00% 82.58%
Energy
0.00% 0.00% 100.00% 94.26%
Communication Services
0.00% 0.00% 99.99% 86.07%
Consumer Defense
0.00% 0.00% 100.00% 77.05%
Consumer Cyclical
0.00% 0.00% 100.00% 79.92%
Basic Materials
0.00% 0.00% 100.00% 1.02%

Stock Geographic Breakdown

Weighting Return Low Return High FCSIX % Rank
US
0.00% 0.00% 99.54% 71.05%
Non US
0.00% -0.01% 0.83% 97.83%

Bond Sector Breakdown

Weighting Return Low Return High FCSIX % Rank
Corporate
70.03% 0.00% 129.69% 95.04%
Securitized
21.07% 0.00% 97.24% 0.78%
Derivative
6.29% -15.04% 42.26% 1.86%
Cash & Equivalents
5.28% 0.00% 48.07% 29.72%
Government
2.78% 0.00% 99.07% 9.92%
Municipal
0.00% 0.00% 4.66% 95.04%

Bond Geographic Breakdown

Weighting Return Low Return High FCSIX % Rank
US
90.46% -3.13% 129.21% 67.18%
Non US
0.00% 0.00% 98.19% 97.68%

FCSIX - Expenses

Operational Fees

FCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.04% 31.61% 7.74%
Management Fee 0.60% 0.00% 1.84% 68.21%
12b-1 Fee 1.00% 0.00% 1.00% 99.69%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 96.39%

Trading Fees

FCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 196.00% 1.00% 255.00% 99.49%

FCSIX - Distributions

Dividend Yield Analysis

FCSIX Category Low Category High FCSIX % Rank
Dividend Yield 6.94% 0.00% 45.20% 25.08%

Dividend Distribution Analysis

FCSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCSIX Category Low Category High FCSIX % Rank
Net Income Ratio 4.02% -2.39% 14.30% 68.98%

Capital Gain Distribution Analysis

FCSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FCSIX - Fund Manager Analysis

Managers

Jean Lin


Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Jean C. Lin, CFA, entered the financial services industry in 1994. She joined Nuveen Asset Management, LLC as Managing Director, Portfolio Manager and High-Yield Research Analyst in September 2018. She also serves as Managing Director, Portfolio Manager and High-Yield Research Analyst for Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA. She joined TIAA in 1994.

Anders Persson


Start Date

Tenure

Tenure Rank

Jul 07, 2020

1.9

1.9%

Anders oversees Nuveen’s global fixed income portfolio management. His team supports sovereign, municipal, corporate credit and structured finance mandates. Anders is also a portfolio manager responsible for managing the organization’s leveraged loan portfolios. Prior to his current role, he was a senior research analyst for Nuveen’s leveraged finance team as an investment-grade research analyst. Prior to joining the firm, he was a founding member of the team that established SG Cowen’s European high-yield effort in London, and later worked to establish the high-yield research effort within Schroders Investment Management. He has also worked as a sell-side high-yield research analyst at Wells Fargo (formerly First Union). Anders graduated with a B.S. from Lander College and an M.B.A. from Winthrop University. He is a member of the CFA® Institute and the North Carolina Society of Security Analysts.

Aashh Parekh


Start Date

Tenure

Tenure Rank

Jul 07, 2020

1.9

1.9%

Aashh is a portfolio manager for Nuveen’s global fixed income and a member of the securitized sector team, specializing in asset-backed securities. He manages portfolios across a variety of asset-backed transaction (ABS) types, including Consumer ABS, Commercial ABS, CDOs/CLOs, and insurance-linked securities as well as other esoteric securitizations. Prior to joining the firm in 2005, he held a variety of analyst roles in the telecom industry. Aashh graduated with a B.S. in Economics and International Business from Pennsylvania State University and an M.B.A. from the University of North Carolina at Chapel Hill. He is a member of the CFA® Institute and a board member of the Structured Finance Industry Group.

Karina Bubeck


Start Date

Tenure

Tenure Rank

Jul 07, 2020

1.9

1.9%

Brenda Langenfeld


Start Date

Tenure

Tenure Rank

Aug 17, 2020

1.79

1.8%

Brenda A. Langenfeld, CFA, entered the financial services industry in 2004. She has been a Vice President and Portfolio Manager at Nuveen Asset Management since joining the firm in 2011. She was named Co-Portfolio Manager of the Preferred Securities strategy in January 2012. In April 2015, she was named Co-Portfolio Manager of the Real Asset Income strategy. She was named Senior Vice President in March 2017. In March 2019, she was named Managing Director.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17